OpGen Balance Sheet Health
Financial Health criteria checks 0/6
OpGen has a total shareholder equity of $-11.7M and total debt of $11.1M, which brings its debt-to-equity ratio to -95.1%. Its total assets and total liabilities are $2.9M and $14.5M respectively.
Key information
-95.1%
Debt to equity ratio
US$11.10m
Debt
| Interest coverage ratio | n/a |
| Cash | US$168.11k |
| Equity | -US$11.67m |
| Total liabilities | US$14.54m |
| Total assets | US$2.87m |
Recent financial health updates
Recent updates
OpGen to raise $3.38M in direct stock offering
Sep 30OpGen's subsidiary signs R&D agreement with FIND
Sep 20Nasdaq grants extension to OpGen to regain compliance with minimum bid price requirement
Aug 31OpGen launches sequencing services for infectious diseases in US
Aug 25OpGen GAAP EPS of -$0.13 beats by $0.02, revenue of $1M in-line
Aug 11OpGen reports preliminary revenue estimate for Q2 2022
Jul 08OpGen gains on insider buying
Jun 15OpGen submits 510(k) summary to FDA for Acuitas AMR Gene Panel for Isolates
Jun 07OpGen reports prelim Q4 & FY20 revenue
Jan 13OpGen subsidiary Curetis and Annar ink Unyvero distribution partnership for Colombia
Jan 05OpGen launches $10M private placement
Nov 24OpGen EPS misses by $0.04, beats on revenue
Nov 11OpGen's subsidiary and collaborators secures German funding to develop such a molecular diagnostics platform
Oct 28Financial Position Analysis
Short Term Liabilities: OPGN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: OPGN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: OPGN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: OPGN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OPGN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: OPGN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.1% each year